Explain brokerage firm and types of brokers
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Brokerage firms are financial institutions that help you buy and sell securities. They act as the middle man between the buyer and the seller. Depending on the brokerage firm type you choose, you can either make your buys and sales via telephone, internet, or smartphone. Brokerage firms generally charge per buy or sell order with assisted telephone orders being more expensive.
the types of brokers are:-
Full-Service
A full-service brokerage firm is a brokerage firm that provides a range of financial services in addition to allowing you to buy and sell securities.
Discount
A discount brokerage firm is a brokerage firm that traditionally doesn't provide any financial consulting or planning services.
Online
An online brokerage firm is a brokerage firm that provides its services through the internet.
the types of brokers are:-
Full-Service
A full-service brokerage firm is a brokerage firm that provides a range of financial services in addition to allowing you to buy and sell securities.
Discount
A discount brokerage firm is a brokerage firm that traditionally doesn't provide any financial consulting or planning services.
Online
An online brokerage firm is a brokerage firm that provides its services through the internet.
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